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The Cartwright 201 E Main 15 Room Hotel Heber Springs, AR 72543 $1,081,722 CAD ($72,115 CAD/Room) 8.30% Cap Rate
Executive Summary
Mixed-use investment opportunity in the heart of Heber Springs. Originally built in 1882, this historic landmark blends timeless character with modern functionality, offering over 7,000 square feet of income-producing space. The property features 15 studio apartments, a fully operational restaurant leased on an annual basis, lounge and common areas, office space, and on-site coin-operated laundry facilities.
With residential occupancy at 100% and established commercial tenancy already in place, this asset provides immediate cash flow while offering future potential. Situated on Main Street within walking distance of shopping, dining, entertainment, and local attractions, the property is ideally positioned to benefit from the area's growing tourism and vibrant downtown atmosphere. Continue operating as a mixed-use investment, expand hospitality, or explore the potential for a boutique hotel. A transferable liquor license is included, creating additional income opportunities.
This property offers residential, hospitality, and commercial income in one of Arkansas's premier lake destinations. An exceptional opportunity for investors seeking both immediate returns and long-term value.
With residential occupancy at 100% and established commercial tenancy already in place, this asset provides immediate cash flow while offering future potential. Situated on Main Street within walking distance of shopping, dining, entertainment, and local attractions, the property is ideally positioned to benefit from the area's growing tourism and vibrant downtown atmosphere. Continue operating as a mixed-use investment, expand hospitality, or explore the potential for a boutique hotel. A transferable liquor license is included, creating additional income opportunities.
This property offers residential, hospitality, and commercial income in one of Arkansas's premier lake destinations. An exceptional opportunity for investors seeking both immediate returns and long-term value.
Property Facts
| Price | $1,081,722 CAD | Lot Size | 0.47 AC |
| Price Per Room | $72,115 CAD | Building Size | 7,054 SF |
| Sale Type | Investment | No. Rooms | 15 |
| Cap Rate | 8.30% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1882 |
| Property Subtype | Hotel | Parking Ratio | 2.78/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | C1 - Central business district | ||
| Price | $1,081,722 CAD |
| Price Per Room | $72,115 CAD |
| Sale Type | Investment |
| Cap Rate | 8.30% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 7,054 SF |
| No. Rooms | 15 |
| No. Stories | 2 |
| Year Built | 1882 |
| Parking Ratio | 2.78/1,000 SF |
| Corridor | Interior |
| Zoning | C1 - Central business district |
Amenities
- Balcony
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Destination Resort
- Boutique/Lifestyle Hotel
- Bed & Breakfast
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 15 | $118.64 CAD | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 300-00259-000-C | Improvements Assessment | $130,525 CAD |
| Land Assessment | $12,841 CAD | Total Assessment | $143,367 CAD |
Property Taxes
Parcel Number
300-00259-000-C
Land Assessment
$12,841 CAD
Improvements Assessment
$130,525 CAD
Total Assessment
$143,367 CAD
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The Cartwright | 201 E Main
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